v3.26.1
Segment Information (Tables)
 9 Months Ended
Jun. 30, 2026
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule Of Selected Supplemental Balance Sheet Information
Financial information by reportable segment is included in the following summary below:
Three months ended June 30, 2026Water Flow SolutionsWater Management SolutionsTotal
(in millions)
Net sales$215.3 $180.6 $395.9 
Cost of sales125.8 114.3 240.1 
Gross profit89.5 66.3 155.8 
Selling, general and administrative expenses23.5 23.8 
Strategic reorganization and other charges— 6.6 
Segment operating income$66.0 $35.9 101.9 
Reconciliation of segment operating income to consolidated income before income taxes
Corporate general and administrative expenses16.7 
Corporate strategic reorganization and other charges4.6 
Pension expense other than service0.1 
Interest expense, net0.7 
Income before income taxes$79.8 

Three months ended June 30, 2025 Water Flow SolutionsWater Management SolutionsTotal
(in millions)
Net sales$216.6 $163.7 $380.3 
Cost of sales132.8 101.8 234.6 
Gross profit83.8 61.9 145.7 
Selling, general and administrative expenses23.3 31.6 
Strategic reorganization and other charges— 0.2 
Segment operating income$60.5 $30.1 90.6 
Reconciliation of segment operating income to consolidated income before income taxes
Corporate general and administrative expenses16.1 
Corporate strategic reorganization and other charges0.8 
Interest expense, net1.7 
Income before income taxes$72.0 
Nine months ended June 30, 2026Water Flow SolutionsWater Management SolutionsTotal
(in millions)
Net sales$606.6 $491.9 $1,098.5 
Cost of sales359.2 319.2 678.4 
Gross profit247.4 172.7 420.1 
Selling, general and administrative expenses66.8 70.2 
Strategic reorganization and other charges— 6.8 
Segment operating income$180.6 $95.7 276.3 
Reconciliation of segment operating income to consolidated income before income taxes
Corporate general and administrative expenses46.5 
Corporate strategic reorganization and other charges12.1 
Pension expense other than service0.1 
Interest expense, net3.3 
Income before income taxes$214.3 




Nine months ended June 30, 2025Water Flow SolutionsWater Management SolutionsTotal
(in millions)
Net sales$607.4 $441.5 $1,048.9 
Cost of sales391.5 280.7 672.2 
Gross profit215.9 160.8 376.7 
Selling, general and administrative expenses65.0 71.5 
Strategic reorganization and other charges1.0 0.6 
Segment operating income$149.9 $88.7 238.6 
Reconciliation of segment operating income to consolidated income before income taxes
Corporate general and administrative expenses44.1 
Corporate strategic reorganization and other charges3.5 
Pension benefit other than service(0.1)
Interest expense, net5.6 
Income before income taxes$185.5 
Depreciation and amortization and capital expenditures by reportable segment is included in the summary below:

Three months endedNine months ended
June 30,June 30,
2026202520262025
(in millions)
Depreciation and amortization:
Water Flow Solutions$7.5 $6.6 $21.8 $19.0 
Water Management Solutions5.1 5.0 15.2 15.0 
Corporate— 0.1 0.1 0.1 
$12.6 $11.7 $37.1 $34.1 
Capital expenditures:
Water Flow Solutions$6.9 $5.3 $18.3 $15.8 
Water Management Solutions4.8 6.4 25.3 17.0 
$11.7 $11.7 $43.6 $32.8 

Segment assets primarily consist of intangible assets and inventories. A summary of these assets by reportable segment is included in the summary below:

June 30,September 30,
20262025
(in millions)
Intangible assets, net and goodwill
Water Flow Solutions$264.3 $264.5 
Water Management Solutions128.4 132.0 
$392.7 $396.5 
Inventories, net
Water Flow Solutions$239.6 $197.2 
Water Management Solutions140.2 131.5 
$379.8 $328.7 
Schedule of Revenue by Reportable Segment and Geographical Areas
Disaggregated revenues by reportable segment and geographical region are included in the summary below:

Three months endedNine months ended
June 30,June 30,
2026202520262025
(in millions)
Water Flow Solutions disaggregated revenue:
Central$59.3 $56.9 $177.7 $163.5 
Northeast39.1 38.1 108.3 112.1 
Southeast50.4 48.4 148.1 137.4 
West48.8 57.4 129.3 152.2 
United States197.6 200.8 563.4 565.2 
Canada15.0 13.5 35.8 34.1 
Other international locations2.7 2.3 7.4 8.1 
$215.3 $216.6 $606.6 $607.4 
Water Management Solutions disaggregated revenue:
Central$51.9 $40.3 $145.1 $115.5 
Northeast40.1 31.0 106.0 88.3 
Southeast40.0 38.5 115.3 99.0 
West29.9 35.7 77.3 93.5 
United States161.9 145.5 443.7 396.3 
Canada11.4 10.9 27.4 24.5 
Other international locations7.3 7.3 20.8 20.7 
$180.6 $163.7 $491.9 $441.5